Bel Fuse Q2 Adj EPS $1.99 Beats $1.23 Estimate, Sales $168.78M Beat $166.25M Estimate
Portfolio Pulse from sunil@benzinga.com
Bel Fuse (NASDAQ:BELFB) reported Q2 earnings of $1.99 per share, beating the analyst consensus estimate of $1.23 by 61.79%. This is a 44.2% increase from the same period last year. The company also reported quarterly sales of $168.78 million, beating the analyst consensus estimate of $166.25 million by 1.52%, but this is a 1.05% decrease from the same period last year.
July 26, 2023 | 9:11 pm
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Bel Fuse reported strong Q2 earnings, beating estimates significantly. However, sales, while beating estimates, were slightly down compared to the same period last year.
Bel Fuse's strong Q2 earnings beat, which was significantly above estimates, is likely to have a positive impact on the stock in the short term. However, the slight decrease in sales compared to the same period last year might temper this positive impact somewhat.
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